De Cronos Groep: what changed
What changed
De Cronos Groep
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
-€11,519
2025 · €10,753-€22,271
Equity
€47.8m
2025 · €47.8m-€11,519
Cash
€3.0m
2025 · €4.7m-€1.7m
Balance sheet total
€435.2m
2025 · €366.2m+€68.9m
Largest movements
Assets
- Financial fixed assets +€44.8m
up €44.8m (+47.7%), from €94.0m to €138.8m
of which Affiliated companies: +€44.1m
- Current investments +€43.0m
up €43.0m (+196%), from €22.0m to €64.9m
- Receivables within one year -€14.5m
down €14.5m (-6.1%), from €238.9m to €224.5m
of which Other amounts receivable: -€12.2m
Equity and liabilities
- Other debts +€53.8m
up €53.8m (+24.5%), from €219.4m to €273.2m
- Current portion of long-term debt +€15.1m
up €15.1m (+123%), from €12.3m to €27.4m
- Debts after one year -€6.3m
down €6.3m (-11.6%), from €54.1m to €47.8m
of which Financial debts: -€13.3m
- Short-term financial debts +€5.3m
up €5.3m (+25.1%), from €20.9m to €26.2m
Income statement
- Financial charges +€15.3m
up €15.3m (+97.0%), from €15.8m to €31.1m
of which Non-recurring financial charges: +€17.5m
- Financial income +€13.2m
up €13.2m (+43.0%), from €30.7m to €43.9m
of which Non-recurring financial income: +€29.4m
- Goods and materials -€1.6m
down €1.6m (-4.2%), from €39.0m to €37.4m
- Turnover +€1.4m
up €1.4m (+3.9%), from €35.7m to €37.1m
- Other operating income -€1.3m
down €1.3m (-14.9%), from €8.4m to €7.2m
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2025
€10,753
Turnover
+€1.4m
Other operating income
-€1.3m
Goods and materials
+€1.6m
Services and other goods
-€674,604
Staff costs
+€336,882
Depreciation
+€17,155
Provisions
-€5,115
Other operating charges
+€49,294
Other operating items
+€605,482
Financial income
+€13.2m
Financial charges
-€15.3m
Taxes
-€2,166
Result 2026
-€11,519
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€72.1m
Investment
-€87.9m
Financing
+€14.1m
Cash 2025
€4.7m
From operations (derived)
+€72.1m
Net result for the year
-€11,519
Depreciation
+€96,235
Receivables after one year
+€2.0m
Receivables within one year
+€14.5m
Deferred charges and accrued income
+€771,463
Smaller working-capital items
-€34,334
Trade debts
+€854,386
Other debts
+€53.8m
Accrued charges and deferred income
+€197,646
Investment (derived)
-€87.9m
Investment in fixed assets (net)
-€45.0m
Current investments
-€43.0m
Financing
+€14.1m
Debts after one year
-€6.3m
Current portion of long-term debt
+€15.1m
Short-term financial debts
+€5.3m
Cash 2026
€3.0m
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €366,246,857 | €435,187,871 | +€68.9m | +18.8% |
| Fixed assets | 21/28 | €94,182,257 | €139,043,150 | +€44.9m | +47.6% |
| Tangible fixed assets | 22/27 | €176,687 | €200,961 | +€24,275 | +13.7% |
| Plant, machinery and equipment | 23 | €144,295 | €130,115 | -€14,180 | -9.8% |
| Furniture and vehicles | 24 | €12,032 | €12,416 | +€384 | +3.2% |
| Other tangible fixed assets | 26 | €20,360 | €58,430 | +€38,070 | +187% |
| Financial fixed assets | 28 | €94,005,570 | €138,842,189 | +€44.8m | +47.7% |
| Affiliated companies | 280/1 | €88,471,594 | €132,618,609 | +€44.1m | +49.9% |
| Participating interests | 280 | €88,471,594 | €132,618,609 | +€44.1m | +49.9% |
| Other financial fixed assets | 284/8 | €5,533,976 | €6,223,580 | +€689,604 | +12.5% |
| Shares | 284 | €5,522,412 | €6,223,580 | +€701,168 | +12.7% |
| Amounts receivable and cash guarantees | 285/8 | €11,564 | - | -€11,564 | |
| Current assets | 29/58 | €272,064,600 | €296,144,721 | +€24.1m | +8.9% |
| Amounts receivable after more than one year | 29 | €4,912,783 | €2,938,843 | -€2.0m | -40.2% |
| Other amounts receivable | 291 | €4,912,783 | €2,938,843 | -€2.0m | -40.2% |
| Amounts receivable within one year | 40/41 | €238,935,778 | €224,463,639 | -€14.5m | -6.1% |
| Trade receivables | 40 | €12,705,528 | €10,434,236 | -€2.3m | -17.9% |
| Other amounts receivable | 41 | €226,230,250 | €214,029,403 | -€12.2m | -5.4% |
| Current investments | 50/53 | €21,962,960 | €64,941,459 | +€43.0m | +196% |
| Other investments | 51/53 | €21,962,960 | €64,941,459 | +€43.0m | +196% |
| Cash at bank and in hand | 54/58 | €4,664,894 | €2,984,057 | -€1.7m | -36.0% |
| Deferred charges and accrued income | 490/1 | €1,588,185 | €816,722 | -€771,463 | -48.6% |
| Total equity and liabilities | 10/49 | €366,246,857 | €435,187,871 | +€68.9m | +18.8% |
| Equity | 10/15 | €47,833,444 | €47,821,925 | -€11,519 | 0.0% |
| Contributions | 10/11 | €3,894,700 | €3,894,700 | = | 0.0% |
| Capital | 10 | €3,894,700 | €3,894,700 | = | 0.0% |
| Issued capital | 100 | €3,894,700 | €3,894,700 | = | 0.0% |
| Reserves | 13 | €43,902,570 | €43,902,570 | = | 0.0% |
| Non-distributable reserves | 130/1 | €389,470 | €389,470 | = | 0.0% |
| Legal reserve | 130 | €389,470 | €389,470 | = | 0.0% |
| Tax-exempt reserves | 132 | €42,100 | - | -€42,100 | |
| Distributable reserves | 133 | €43,471,000 | €43,513,100 | +€42,100 | +0.1% |
| Profit (loss) carried forward | 14 | €36,174 | €24,655 | -€11,519 | -31.8% |
| Provisions and deferred taxes | 16 | €357 | €5,830 | +€5,473 | +1,531% |
| Provisions for liabilities and charges | 160/5 | €357 | €5,830 | +€5,473 | +1,531% |
| Pensions and similar obligations | 160 | €357 | €5,830 | +€5,473 | +1,531% |
| Amounts payable | 17/49 | €318,413,055 | €387,360,116 | +€68.9m | +21.7% |
| Amounts payable after more than one year | 17 | €54,103,445 | €47,844,178 | -€6.3m | -11.6% |
| Financial debts | 170/4 | €51,538,445 | €38,205,111 | -€13.3m | -25.9% |
| Subordinated loans | 170 | €25,000,000 | €25,000,000 | = | 0.0% |
| Credit institutions | 173 | €26,538,445 | €13,205,111 | -€13.3m | -50.2% |
| Other amounts payable | 178/9 | €2,565,000 | €9,639,067 | +€7.1m | +276% |
| Amounts payable within one year | 42/48 | €263,576,188 | €338,584,869 | +€75.0m | +28.5% |
| Current portion of amounts payable after more than one year | 42 | €12,305,960 | €27,438,993 | +€15.1m | +123% |
| Financial debts | 43 | €20,926,519 | €26,178,689 | +€5.3m | +25.1% |
| Credit institutions | 430/8 | €20,926,519 | €26,178,689 | +€5.3m | +25.1% |
| Trade debts | 44 | €10,441,201 | €11,295,587 | +€854,386 | +8.2% |
| Suppliers | 440/4 | €10,441,201 | €11,295,587 | +€854,386 | +8.2% |
| Taxes, remuneration and social security | 45 | €499,544 | €459,737 | -€39,807 | -8.0% |
| Taxes | 450/3 | €4,680 | - | -€4,680 | |
| Remuneration and social security | 454/9 | €494,863 | €459,737 | -€35,126 | -7.1% |
| Other amounts payable | 47/48 | €219,402,964 | €273,211,864 | +€53.8m | +24.5% |
| Accrued charges and deferred income | 492/3 | €733,423 | €931,069 | +€197,646 | +26.9% |
| Operating income | 70/76A | €44,149,156 | €44,272,221 | +€123,065 | +0.3% |
| Turnover | 70 | €35,708,720 | €37,103,788 | +€1.4m | +3.9% |
| Other operating income | 74 | €8,421,431 | €7,167,497 | -€1.3m | -14.9% |
| Non-recurring operating income | 76A | €19,005 | €936 | -€18,069 | -95.1% |
| Operating charges | 60/66A | €59,043,580 | €57,062,055 | -€2.0m | -3.4% |
| Goods for resale, raw materials and consumables | 60 | €39,014,538 | €37,380,175 | -€1.6m | -4.2% |
| Purchases | 600/8 | €39,014,538 | €37,380,175 | -€1.6m | -4.2% |
| Services and other goods | 61 | €14,637,536 | €15,312,140 | +€674,604 | +4.6% |
| Remuneration, social security and pensions | 62 | €4,562,248 | €4,225,366 | -€336,882 | -7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €113,390 | €96,235 | -€17,155 | -15.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €357 | €5,473 | +€5,115 | +1,431% |
| Other operating charges | 640/8 | €64,703 | €15,409 | -€49,294 | -76.2% |
| Non-recurring operating charges | 66A | €650,808 | €27,257 | -€623,550 | -95.8% |
| Operating profit (loss) | 9901 | -€14,894,424 | -€12,789,834 | +€2.1m | +14.1% |
| Financial income | 75/76B | €30,707,840 | €43,913,222 | +€13.2m | +43.0% |
| Recurring financial income | 75 | €29,673,428 | €13,487,327 | -€16.2m | -54.5% |
| Income from financial fixed assets | 750 | €17,657,629 | €1,409,949 | -€16.2m | -92.0% |
| Income from current assets | 751 | €11,326,360 | €10,938,103 | -€388,257 | -3.4% |
| Other financial income | 752/9 | €689,440 | €1,139,274 | +€449,835 | +65.2% |
| Non-recurring financial income | 76B | €1,034,412 | €30,425,895 | +€29.4m | +2,841% |
| Financial charges | 65/66B | €15,799,493 | €31,129,569 | +€15.3m | +97.0% |
| Recurring financial charges | 65 | €12,574,524 | €10,435,593 | -€2.1m | -17.0% |
| Debt charges | 650 | €8,293,343 | €8,339,307 | +€45,965 | +0.6% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | €3,844,557 | €1,413,243 | -€2.4m | -63.2% |
| Other financial charges | 652/9 | €436,624 | €683,043 | +€246,419 | +56.4% |
| Non-recurring financial charges | 66B | €3,224,969 | €20,693,976 | +€17.5m | +542% |
| Profit (loss) for the period before taxes | 9903 | €13,924 | -€6,181 | -€20,105 | |
| Income taxes | 67/77 | €3,171 | €5,338 | +€2,166 | +68.3% |
| Taxes | 670/3 | €11,569 | €5,338 | -€6,231 | -53.9% |
| Tax adjustments and reversals of tax provisions | 77 | €8,398 | - | -€8,398 | |
| Profit (loss) for the period | 9904 | €10,753 | -€11,519 | -€22,271 | |
| Transfer from tax-exempt reserves | 789 | - | €42,100 | +€42,100 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,753 | €30,581 | +€19,829 | +184% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.